A guide to monetizing risks for security spending decisions

You have a finite amount of cash to spend on people and technologies to keep your business’ risk to an acceptable level, so you have to make your decisions wisely. As Curt Dalton points out in this step-by-step guide, monetizing key risks helps you convey impact in a more meaningful way.

Security executives routinely have to make tough decisions about which risks to mitigate, which to avoid or transfer and which to accept. Your security budget has its limits. You have a finite amount of cash to spend on people and technologies to keep your business’ risk to an acceptable level, so you have to make your decisions wisely.

Making these decisions and presenting them to company leadership requires a thorough understanding of the impact of the risk, knowledge of available safeguards and sometimes the guts to make a tough call. The goal of this article is to arm you with an approach to help guide you in these difficult risk decisions.